|Bid||105.80 x 800|
|Ask||0.00 x 900|
|Day's Range||106.14 - 109.40|
|52 Week Range||79.18 - 124.00|
|Beta (3Y Monthly)||-0.15|
|PE Ratio (TTM)||20.78|
|Earnings Date||Dec 17, 2018 - Dec 21, 2018|
|Forward Dividend & Yield||3.00 (2.73%)|
|1y Target Est||123.65|
Domino's (DPZ) bottom-line growth in the third quarter of 2018 can be attributed to higher net income and lower diluted share count as a result of share repurchases.
The Zacks Analyst Blog Highlights: BJ's Restaurants, Good Times Restaurants, Wendy's, Darden Restaurants and Denny's
McDonald's (MCD) reports comparable sales growth for 12 straight quarters. This momentum is likely to continue in third-quarter 2018 courtesy of increasing guest traffic.
Darden (DRI) performs impressively in the past six months backed by strategic sales building initiatives, acquisitions and cost savings efforts.
If you are interested in cashing in on Darden Restaurants Inc’s (NYSE:DRI) upcoming dividend of US$0.75 per share, you only have 4 days left to buy the shares before its Read More...
Guggenheim recently hosted its third annual Emerging Growth Restaurant Summit in Dallas, which reaffirmed a healthy environment for the restaurant sector and reinforces a bullish stance on a handful of ...
Shares of J.C. Penney Co. Inc. sank 9.3% toward a record low, after the struggling department store chain said Chief Financial Officer Jeff Davis was leaving after a little over one year in the role. The stock has now tumbled 22% amid a five-session losing streak. The company said late Thursday that Davis was leaving "to pursue another opportunity." Davis was named CFO in July 2017, joining most recently from Darden Restaurants Inc. . The company said Jerry Murray, senior vice president of finance, will serve as interim CFO. The stock had initially gained in Thursday's after-hours session after the news was released. The stock has now shed 50% year to date, while the SPDR S&P Retail ETF has climbed 14% and the S&P 500 has gained 8.9%.
President and CEO of Darden Restaurants Inc (NYSE:DRI) Eugene I Jr Lee sold 60,688 shares of DRI on 09/26/2018 at an average price of $112.63 a share.
On September 20, Darden Restaurants (DRI) was trading at $71.12. On the same day, 56.0% of the 25 analysts that follow Darden Restaurants favored a “buy” rating, while 44.0% favored a “hold” rating. Since the announcement of Darden Restaurants’ earnings for the first quarter of fiscal 2019, Canaccord Genuity, Stifel, Jefferies, and Maxim have all raised their price targets.
Despite BMO Capital’s downgrade on September 24, Darden Restaurants’ (DRI) stock price rose 0.4% and closed the day at $113.28.
During the first quarter of fiscal 2019, Darden Restaurants (DRI) posted earnings per share of $1.32. However, removing special or one-time items, the company’s adjusted EPS stood at $1.34, outperforming analysts’ EPS expectations of $1.24. Year-over-year, the company’s EPS grew by 35.4% from $0.99 in the first quarter of fiscal 2018.
The sit-down restaurant space is an increasingly a tough arena to make money in, but the Olive Garden operator has found some formulas for growth even in today's environment.
On September 24, BMO Capital downgraded Darden Restaurants (DRI) from “market perform” to “underperform” due to concerns about food commodity deflation. As reported by MarketWatch, Andrew Strelzik of BMO Capital expects the SSSG (same-store sales growth) to deaccelerate across the casual dining industry from the beginning of fourth quarter due to the widening gap between consumers eating food at home and eating out. The gap is a result of food commodity deflation. Strelzik also lowered his target price for Darden from $105 to $96.
During the first quarter of fiscal 2019, Darden Restaurants (DRI) posted EBIT (earnings before interest and tax) of $189.1 million, which represents an EBIT margin of 9.2%. The company’s EBIT margin stood at 9.3% in the first quarter of fiscal 2018.
The fourth quarter is shaping up to be a difficult one for casual dining stocks, and one Wall Street analyst issued a wave of downgrades Monday in response to the latest industry data. The Analyst BMO ...
BMO Capital Markets analysts downgraded a number of restaurant company stocks, including Olive Garden parent Darden Restaurants Inc. and Outback parent Bloomin' Brands Inc. , based on "decelerating industry trends" and commodity deflation. Olive Garden just reported better-than-expected same-store sales in the most recent quarter, but BMO analysts are concerned about the impact commodity prices could have on Longhorn Steakhouse. Analysts expressed the same concern about Outback, Brinker International Inc.'s Chili's brand, Texas Roadhouse Inc. and Chuy's Holdings Inc. . "We are shifting to a more cautious view of casual dining as industry comp trends likely will decelerate beginning in 4Q18, driven by a widening food-at-home/food-away-from-home price gap," BMO wrote. Darden was downgraded to underperform from market perform with a price target cut to $96 from $105. The stock is down 0.3% in Monday trading, and up 17.3% for the year to date. Bloomin' Brands was downgraded to market perform from outperform with a price target cut to $21 from $28. Shares are down 4.3% in Monday trading, and are down 9.8% for the year to date. Brinker International was downgraded to underperform from market perform with its price target slashed to $40 from $43. Brinker shares are down nearly 4% in Monday trading, but up 18.7% for 2018 to date. Texas Roadhouse was downgraded to underperform from market perform with a price target decrease to $58 from $62. Texas Roadhouse stock is down 5.2% in Monday trading, but up nearly 27% for the year so far. And Chuy's was downgraded to underperform from market perform with the price target lowered to $23 from $28. Chuy's shares have sunk 9.2% on Monday, and have fallen 11.6% for the year to date. The S&P 500 index has gained 9% for 2018 so far.
By the end of the first quarter of fiscal 2019, Darden Restaurants (DRI) operated 1,753 restaurants: Olive Garden: 858 LongHorn Steakhouse: 506 Cheddar’s Scratch Kitchen: 157 Yard House: 73 The Capital Grille: 58 Bahama Breeze: 40 Seasons 52: 42 Eddie V’s: 19
While major sales-building initiatives and synergies from Cheddar's acquisition are likely to boost Darden's (DRI) top-line growth, high costs may dent margins.
For the first quarter of fiscal 2019, Darden Restaurants (DRI) posted overall SSSG (same-store sales growth) of 3.3%, outperforming analysts’ expectations of 1.1%. Of Darden’s eight brands, six have posted positive SSSG figures. In this article, we’ll examine the performance of Darden Restaurants’ brands.